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Gigamedia Revenue Down 50 Percent
Sunday August 25,2013 : GIGAMEDIA Q2 REVENUES DIVE ALMOST 50 PERCENT
Best bet now is on an already delayed social casino project
Taiwan-based online gambling group GigaMedia's misfortunes continued to mount this week with the release of the company's Q2-2013 numbers, revealing that revenues were down 13 percent to $3.65 million on the last quarter, and 49 percent year-on-year.
Gross profit declined 17 percent to $1.92 million on the quarter, and 50 percent compared with the same period last year.
Although client numbers remained stable at around 23,000, they deposited 6 percent less in average monthly user spend.
Restructuring misjudgements have taken their toll on the company, which at one time held a significant stake - since sold - in Everest Gaming (see previous InfoPowa reports). In acknowledging past errors, Management has warned that it may take some time to recover.
The company's best opportunities appear to lie in the social casino sector, where it has been developing and testing browser-based online casino games via hundreds of Taiwan-based internet cafes since June. However, all is not necessarily going well on the project, which was originally planned to fully launch in July, but has since been delayed until end-2013.
Gambling News :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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